ECR has a market cap of 60M, but their Chimo mine is coming out with a valuation anytime now showing a resource of 2 million plus ounces of gold in the ground and going rate is $150 per ounce = Valuation of $300 million. Plus the mine shaft is already in place, next to major road, and has electricity, so they could fetch more. Plus, next mine Benoit has similar...
Parallel trend lines work for long term and short term trading. You can see support and resistance. Try to make your own parallel lines on shorter term charts so you can understand when is a good sell and buy point.
Looking at 63.7K for the next target price which should hit in the upper trend line. Happy Trading
DNN just bounced off long term support trend line. At about $1.00, good price to buy. Uranium will be one of the best performing assets this year and into the future. With the Texas power grid failure, nuclear will be a good bet.
This is a huge base it's forming and if it holds, we could be looking at a moon shot. But it depends on what big Papa BTC does. If not, look for support at 1.07, .95, .85, but hopefully these are not in the discussion.
DXY starting to tank and Treasury yields looking to top which should support as well. Happy Trading
Looking at the 30 minute chart, ADA crossed the downtrend line, retested it and held. It then held horizontal support at 1.20. The 50MA is about to cross above the 200MA which is bullish. MACD and RSI are trending up, too. Looking like ready to go to the upside. It all depends on BTC holding as you probably already know. With that said, you can look for good...
ADA crossed the downtrend line and I had buy orders in at 1.18 1.20 but it might not hit. It could go down but I'm comfortable buying here at 1.23. When it's at $8 or a lot higher it's not going to matter.
Going above yellow trend line. If it holds next resistance is 49.5K and the yellow 200 MA. Time to keep your eyes open. Thick yellow trend line is key..
CRV bounced off long term bottom of 1.74. Look for profits at upper horizontal lines. Nice trade opportunity.
We may be looking at BTC already retesting 47k on this longer chart and we could be looking at support at 37K. Keep an eye out as we could be forming another bear flag if it doesn't bounce to 47K and stay above it. 47K is key.
We should bounce and retest the 47K level or the thick yellow trend line. But broke down from a bear flag so if we can't pop above 47K and stay there we could be looking at good support around 37K.
We need to stay above 1.20 and 1.24 better. If we breach the red trend line we could be looking at 1.07 and possibly .85 at the thick yellow line. Watch the red trend line.
Traditionally I would sell ADA at 1.22, give or take, but with Elon tweeting about Cardano, and seeing how DOGE went up 12X or whatever and being worthless, I could see ADA doing a 20X from here. Hey, but I'm an idiot so don't believe what I say.
Well 1.07 is a critical horizontal line and we breached that. There is some resistance on the white upper trend line but I think it's minimal and were looking to pump to the major gold line above. Can take profits but ADA could be looking at $5 or beyond in my opinion. Do what you want.
What to look for on this 30 minute chart. The blue 50 moving average crossing the gold 200 moving average and we can get a move. We should also get support off the 50 moving average. Also, the fact that Elon tweeted about Cardano gives it a very nice floor.
Bounced off long term trend line support in gold, sideways consolidated, breached 49051, and the 50 moving average. On the brink of making a big decision. Next upside resistance is 200 moving average in gold. If you ask me, it is better than watching an action movie.